Simon Hallqvist new Chairman of Alpcot Agro

Mon, Feb 18, 2013 17:28 CET

Fredrik Langenskiöld, Chairman of the Board of Alpcot Agro, has informed the company that he resigns from his position as Director of the Board and Chairman for personal reasons. He will however remain in an advisory role to the company.

The board of Alpcot Agro has elected Simon Hallqvist as new Chairman, to lead the work of the Board up to the Annual General Meeting on 16 May, 2013. Simon Hallqvist has been a member of the board of Alpcot Agro since 2011 and is also a major shareholder in the company.

Simon Hallqvist comments:

"I am sorry that Fredrik has chosen to resign from his post before the end of his term, but I respect his decision. Fredrik has been a much appreciated chairman of Alpcot Agro and he has managed the work of the board in a very commendable way. Through his long experience of business in Russia and Ukraine, he has made very valuable contributions to the company’s development and strategic planning process."

About Alpcot Agro AB (publ)Alpcot Agro is a Swedish limited liability company incorporated in 2006. The Company's business idea is to generate an attractive return on invested capital by optimally utilizing the Company’s agricultural land bank through crop and livestock production and other related operations in Russia and Ukraine. The shares in Alpcot Agro are listed on First North under the ticker ALPA and the Company’s Certified Adviser is Remium Nordic AB. Additional information is available on www.alpcotagro.com.

About Us

Alpcot Agro is a Swedish limited liability company and was incorporated in 2006. The company's prime objective is to generate an attractive total return on invested capital by acquiring and farming agricultural land in Russia and potentially in other CIS member states.